Hot Melt Based Packaging Market - Global Industry Analysis

Hot Melt Based Packaging Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019-2025

Published Date: 09-Jul-2019 Category: Packaging Report Format : PDF Pages: 110 Report Code: ZMR-4344 Status : Published

Global demand for the hot melt based packaging market was valued at approximately USD 2.1 billion in 2018 and is expected to generate revenue of around USD 3.2 billion by end of 2025, growing at a CAGR of around 6.9% between 2019 and 2025.

Description

Hot Melt Based Packaging Market: Overview

The report covers forecast and analysis for the hot melt based packaging market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the hot melt based packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the hot melt based packaging market on a global level.

As per the report, the global demand for the hot melt based packaging market was valued at approximately USD 2.1 billion in 2018 and is expected to generate revenue of around USD 3.2 billion by end of 2025, growing at a CAGR of around 6.9% between 2019 and 2025.

Global Hot Melt Based Packaging Market

The popularity of hot melt adhesives is mainly related to their lower processing and regulatory costs. They also offer the fastest bonding method, and hot melt equipment has lower energy consumption than other bonding processes. Also, hot melt adhesives need less time to set than traditional adhesives and are water resistant as a result hot melt adhesives are extensively used in packaging applications. Hot melt adhesives are more efficient, cost-effective, and environmentally friendly adhesive products than solvent based and traditional adhesives.

Most of the industrial and commercial products are sold in packaged conditions for sustainable transport and storage. Increased retail and online shopping have increased the demand for packaged products. This eventually has been a driving factor for the hot melt adhesive market. In addition, the substantial growth of the food and FMCG industry has played important role in the growth of the hot melt adhesive market because hot melt adhesive provides excellent packaging solutions and is widely applicable in the food and FMCG industry. Moreover, the hot melt adhesive market is anticipated to witness growth in the coming years because the packaging industry is looking for more efficient and cheap packaging adhesives for cost-reducing measures.

The global hot melt based packaging market is classified into type, raw materials type, and application. By type, the global hot melt based packaging market is segmented into corrugated packaging, case & carton, folding cartons, flexible packaging, and others. By raw material type, the global hot melt based packaging market is segmented into polymers, resins, waxes, and others. Polymers are basic constituents of hot melt adhesives. Polymers give flexibility and strength to the hot melt adhesive improving its heat and impact resistance. Polymers account for a large share of the global hot melt based packaging market.  Also, resin accounts for a significant proportion of the hot melt based packaging market. By application, the global hot melt based packaging market is segmented into carton closing, pallet stabilization, sealing, and others. Hot melt adhesives are extensively used in the paper, board, and packaging industries, mostly used for carton closing, sealing, and pallet stabilization.

The Asia Pacific accounts for the largest share in the global hot melt based packaging market as a result of increasing demand for packaged products. Additionally, the growing e-commerce and online purchasing are expected to provide more opportunities for packaged products eventually driving the hot melt based packaging market. Furthermore, North America is anticipated to be a major consumer of hot melt based packaging because of increasing innovations in the packaging industry. Additionally, Europe is set to witness significant growth over the forecasted period. Growing demand from the food and packaging industry is likely to create further opportunities for the hot melt based packaging market to grow in the region. Developing countries in the region such as the Middle East and Africa are probable to witness significant growth in hot melt based packaging because of developments in packaging, construction, and the automotive industry. The hot melt based packaging market in Latin America is expected to witness significant growth over the forecasted period. Higher living standards have increased the demand for a broad range of packaged products.

Some of the key players in the hot melt based packaging market include 3M Company, Henkel, Beardow & Adams (Adhesives) Ltd., H.B. Fuller, Dow Corning Corporation, and Avery Dennison Corporation.

Global Hot Melt Based Packaging Market: Type Segment Analysis

Global Hot Melt Based Packaging Market: Raw Material Segment Analysis

Global Hot Melt Based Packaging Market: Application Segment Analysis

  • Carton Closing
  • Pallet Stabilization
  • Sealing
  • Others

Global Hot Melt Based Packaging Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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